Daily Juice
Daily Juice
Nigeria’s capital inflow falls to $1.57 billion in Q1 2022
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Local Stories
Okada ban: Lagos set to crush another 2,228 motorcycles
The Lagos State Task Force is set to crush another set of 2,228 impounded commercial motorcycles popularly called Okada on Friday (today). Read more…
Strike: ASUU meets as visitation panels submit reports
On Thursday, the Academic Staff Union of Universities expressed optimism about its ongoing meeting with the Prof. Nimi Briggs committee, describing the negotiation as being progressive. Read more…
Bank customers to produce indemnity for online transfers above N1m – CBN
The Central Bank of Nigeria has ordered banks and Payment Service Providers to accept indemnity from customers for highly secured online funds transfers. Read more…
New terminal: Foreign airlines reject FG’s relocation order
The majority of the foreign airlines operating in Nigeria have rejected offers by the Federal Airports Authority of Nigeria to relocate their operations into a newly built terminal at the Murtala Muhammed International Airport, Lagos. Read more…
Primary: Go to court, Ogun PDP tells aggrieved aspirants
The Peoples Democratic Party in Ogun State has urged two aggrieved governorship aspirants to go to court and seek redress if they are not satisfied with the outcome of the recently concluded primary. Read more…
International Stories
Turkey rebrands as 'Türkiye,' changing its name at the United Nations
Turkey is rebranding itself. The country is now called "Türkiye" in the halls of the United Nations, which agreed to recognize the change on Wednesday after a request from Turkey's government. The campaign to rebrand as Türkiye began in December. Read more…
Shanghai neighbourhoods return to lockdown a day after restrictions eased
Multiple neighbourhoods in Shanghai were placed back under lockdown only a day after city-wide restrictions were lifted, as China's stringent zero-Covid strategy continues to haunt the financial hub. Read more…
Queen pulls out of jubilee service due to 'discomfort' during Thursday's parade
Britain's Queen Elizabeth II will miss a service of thanksgiving at St Paul's Cathedral for her 70-year reign on Friday, after experiencing "some discomfort" during the first day of her Platinum Jubilee celebration. Read more…
Alleged gang-rape of a woman on moving train sparks anger in Pakistan
The alleged gang rape of a woman on a moving train has sparked anger in Pakistan, putting the spotlight on the South Asian nation's poor record with women's rights. Read more…
Biden urges ban on assault-style weapons and gun age limits
President Joe Biden has said the US should ban assault-style weapons and high-capacity magazines to tackle the "carnage" of gun violence. Read more…
North Korea assumes leadership of top disarmament group
North Korea has temporarily taken over as head of a top nuclear disarmament forum at the United Nations. Read more…
Business Matters
Nigeria’s foreign trade rises to N13 trillion in Q1 2022
Nigeria’s foreign trade rose to N13 trillion in the first quarter of 2022, increasing by 11.1% from the N11.7 trillion recorded in the previous quarter and 65.4% higher than the N7.86 trillion recorded in Q1 2021. Read more…
Forex supply skyrockets by over 300% to $760 million at the official market
The exchange rate between the naira and the US dollar closed at N419.5/$1 at the Investors and Exporters (I&E) window. Read more…
CBN raises the online transfer limit to N25 million and N250million for individuals and companies respectively
The Central Bank of Nigeria has raised the limit for ‘Highly Secured Online Funds Transfer from N100 million to N250 million for Companies and from N10 million to N25 million for individuals. Read more…
OPEC increases Nigeria’s crude oil production quota to 1.799mbpd in July
The Organisation of the Petroleum Exporting Countries (OPEC) has announced it has increased Nigeria’s crude oil production quota from 1.766 million barrels a day in June to 1.799 million barrels per day for the month of July. Read more…
Electricity tariff surge by 58% after N500bn subsidy suspension –Report
Findings have shown that electricity tariffs increased by 58 per cent after the Federal Government yanked off a yearly subsidy of N500bn to the power sector. Read more…
Nigeria’s capital inflow falls to $1.57 billion in Q1 2022
Nigeria attracted a total of $1.57 billion in capital inflows in the first quarter of 2022, falling by 28.1% compared to $2.19 billion recorded in the previous quarter. This is according to the recently published capital importation report, released by the National Bureau of Statistics (NBS). Read more…
Tech Updates
Instagram launches Amber Alerts to notify users of missing children in their area
Instagram on Wednesday began rolling out an Amber Alert feature on its platform to notify users of missing children in their area. Read more…
Metro
Johnny Depp gigs in Gateshead after Amber Heard libel case win
Johnny Depp put his court battle with ex-wife Amber Heard behind him in his first public appearance since the verdict, playing a gig in Gateshead. Read more…
Quote of the Day
"Once you have commitment, you need the discipline and hard work to get you there." —Haile Gebrselassie